Affinity Bancshares, Inc. Adopts Stock Repurchase Program
Affinity Bancshares (NASDAQ: AFBI) has announced a new stock repurchase program authorized by its Board of Directors. The program allows the company to repurchase up to 320,480 shares of its common stock, representing approximately 5% of current outstanding shares.
The repurchases can be executed through open market transactions, private dealings, and block trades, with implementation possible through Rule 10b5-1 trading plans. Management will conduct purchases at their discretion, considering factors such as stock price attractiveness, market conditions, trading prices, alternative capital uses, and financial performance.
The company operates through its banking subsidiary, Affinity Bank, established in 1928, with two full-service offices in Covington, one in Atlanta, and a loan production office serving Alpharetta and Cumming, Georgia markets.
Affinity Bancshares (NASDAQ: AFBI) ha annunciato un nuovo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma consente all'azienda di riacquistare fino a 320.480 azioni delle sue azioni ordinarie, che rappresentano circa il 5% delle azioni attualmente in circolazione.
I riacquisti possono essere effettuati tramite transazioni nel mercato aperto, trattative private e operazioni in blocco, con attuazione possibile attraverso piani di trading secondo la Regola 10b5-1. La direzione condurrà gli acquisti a propria discrezione, considerando fattori come l'attrattiva del prezzo delle azioni, le condizioni di mercato, i prezzi di trading, utilizzi alternativi del capitale e le prestazioni finanziarie.
L'azienda opera attraverso la sua controllata bancaria, Affinity Bank, fondata nel 1928, con due uffici a servizio completo a Covington, uno ad Atlanta e un ufficio di produzione prestiti che serve i mercati di Alpharetta e Cumming, in Georgia.
Affinity Bancshares (NASDAQ: AFBI) ha anunciado un nuevo programa de recompra de acciones autorizado por su Junta Directiva. El programa permite a la empresa recomprar hasta 320,480 acciones de sus acciones ordinarias, lo que representa aproximadamente el 5% de las acciones actualmente en circulación.
Las recompras se pueden llevar a cabo a través de transacciones en el mercado abierto, negociaciones privadas y operaciones en bloque, con implementación posible a través de planes de negociación bajo la Regla 10b5-1. La dirección llevará a cabo las compras a su discreción, considerando factores como la atractividad del precio de las acciones, las condiciones del mercado, los precios de negociación, los usos alternativos de capital y el rendimiento financiero.
La empresa opera a través de su filial bancaria, Affinity Bank, establecida en 1928, con dos oficinas de servicio completo en Covington, una en Atlanta y una oficina de producción de préstamos que atiende los mercados de Alpharetta y Cumming, Georgia.
Affinity Bancshares (NASDAQ: AFBI)는 이사회에서 승인한 새로운 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사가 현재 유통 중인 주식의 약 5%에 해당하는 320,480주까지 자사주를 매입할 수 있도록 허용합니다.
매입은 공개 시장 거래, 사적 거래 및 블록 거래를 통해 이루어질 수 있으며, Rule 10b5-1 거래 계획을 통해 실행할 수 있습니다. 경영진은 주가 매력도, 시장 상황, 거래 가격, 대체 자본 사용 및 재무 성과와 같은 요소를 고려하여 자의적으로 매입을 진행할 것입니다.
회사는 1928년에 설립된 은행 자회사인 Affinity Bank를 통해 운영되며, Covington에 두 개의 종합 서비스 사무소와 Atlanta에 하나의 사무소, 그리고 Georgia의 Alpharetta와 Cumming 시장을 위한 대출 생산 사무소가 있습니다.
Affinity Bancshares (NASDAQ: AFBI) a annoncé un nouveau programme de rachat d'actions autorisé par son Conseil d'Administration. Le programme permet à l'entreprise de racheter jusqu'à 320 480 actions de ses actions ordinaires, représentant environ 5% des actions actuellement en circulation.
Les rachats peuvent être effectués par le biais de transactions sur le marché ouvert, de négociations privées et de transactions en bloc, avec une mise en œuvre possible par le biais de plans de négociation conformes à la Règle 10b5-1. La direction effectuera les achats à sa discrétion, en tenant compte de facteurs tels que l'attractivité du prix des actions, les conditions du marché, les prix de négociation, les utilisations alternatives du capital et la performance financière.
L'entreprise opère par l'intermédiaire de sa filiale bancaire, Affinity Bank, fondée en 1928, avec deux bureaux de services complets à Covington, un à Atlanta et un bureau de production de prêts desservant les marchés d'Alpharetta et de Cumming, en Géorgie.
Affinity Bancshares (NASDAQ: AFBI) hat ein neues Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm erlaubt es dem Unternehmen, bis zu 320.480 Aktien seiner Stammaktien zurückzukaufen, was etwa 5% der derzeit ausstehenden Aktien entspricht.
Die Rückkäufe können durch Transaktionen am offenen Markt, private Geschäfte und Blockgeschäfte durchgeführt werden, wobei die Umsetzung durch Handelspläne gemäß Regel 10b5-1 möglich ist. Das Management wird die Käufe nach eigenem Ermessen durchführen und dabei Faktoren wie die Attraktivität des Aktienkurses, Marktbedingungen, Handelspreise, alternative Kapitalverwendungen und die finanzielle Leistung berücksichtigen.
Das Unternehmen operiert über seine Banktochtergesellschaft, Affinity Bank, die 1928 gegründet wurde, mit zwei Vollservice-Büros in Covington, einem in Atlanta und einem Kreditproduktionsbüro, das die Märkte in Alpharetta und Cumming, Georgia, bedient.
- Share repurchase program of 5% of outstanding shares can boost shareholder value
- Flexible implementation approach through multiple repurchase methods
- Management discretion on timing allows optimal price execution
- Capital allocation to buybacks reduces funds for other growth opportunities
- No specified timeline for program completion creates uncertainty
- Program can be suspended or terminated at any time
Insights
Affinity Bancshares' announcement of a 5% share repurchase program (320,480 shares) represents a strategic capital allocation decision with positive implications for shareholders. At the current
This program creates shareholder value through multiple mechanisms. First, by reducing the outstanding share count, successful implementation would mathematically increase both earnings per share and book value per share—key metrics for bank stock valuations. Second, it provides a floor for the stock price, potentially reducing volatility.
For Affinity Bank, which operates in select Georgia markets including Atlanta and Covington, this represents a balanced approach to capital management. The flexible structure (allowing open market purchases, private transactions, block trades, and potential 10b5-1 plans) gives management significant latitude to time purchases advantageously while maintaining regulatory capital requirements.
From a shareholder perspective, repurchases offer a tax-efficient alternative to dividends, as they support price appreciation without creating immediate taxable events for continuing shareholders. The discretionary nature also preserves capital flexibility should more attractive growth opportunities arise.
While the announcement itself is positive, the ultimate value creation depends entirely on execution—specifically, the timing and price points of actual purchases. Management's ability to acquire shares at reasonable valuations relative to intrinsic value will determine whether this program truly enhances long-term shareholder returns.
The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
Repurchases will be made at management’s discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.
About Affinity Bancshares, Inc.
The Company is a
Forward-Looking Statements
In addition to historical information, this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describe the future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “would,” “contemplate,” “continue,” “target” and words of similar meaning. Forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in general economic conditions, interest rates and inflation; changes in asset quality; our ability to access cost-effective funding; fluctuations in real estate values; changes in laws or regulations; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in technology; failures or breaches of our IT security systems; our ability to introduce new products and services and capitalize on growth opportunities; changes in the value of our goodwill and other intangible assets; our ability to successfully integrate acquired operations or assets; changes in accounting policies and practices; our ability to retain key employees; and the effects of natural disasters and geopolitical events, including terrorism, conflict and acts of war. These risks and other uncertainties are further discussed in the reports that the Company files with the Securities and Exchange Commission.
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Edward J. Cooney
Chief Executive Officer
Telephone:(678) 742-9990
Source: Affinity Bancshares, Inc.
FAQ
How many shares can Affinity Bancshares (AFBI) repurchase under its new program?
What methods will AFBI use to execute its stock repurchase program?
Is there a time limit for AFBI's stock repurchase program?
Where does Affinity Bancshares (AFBI) currently operate its banking services?
